Economic Development Specialist Salary

Median pay for Economic Development Specialists in the United States lies in the neighborhood of $49K annually. Job satisfaction for Economic Development Specialists is high. Medical benefits are awarded to nearly all, and a strong majority earn dental coverage. Men working as Economic Development Specialists who took the survey just slightly outnumber women at 57 percent. This overview is based on answers to PayScale's salary questionnaire.

$34,546 - $80,738
(Median)
$35K
$49K
$81K
MEDIAN: $48,905
10%
50%
90%

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$14.44 - $42.45
(Median)
$14
$22
$42
MEDIAN: $21.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Salary
$34,546 - $80,738  
   
Bonus
$0.00 - $6,153  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$32,593 - $83,709  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 116
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$15$30$45
Hourly Rate
$14.44 - $42.45  
   
Overtime
$16.00  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30K$60K$90K
Bonus
$0.00 - $6,153  
   
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$32,593 - $83,709  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 16
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Job Description for Economic Development Specialist

  • Develop strong knowledge of different resources that will help clients, such as various educational agencies; employment, health, and counseling services; and rules and regulations for community development projects.
  • Reach out to potential clients and track and report on their outcomes.
  • Help individuals and companies achieve financial stability, business and economic growth, and other related economic opportunity goals.

Economic Development Specialist Job Listings

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Pay by Experience Level for Economic Development Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Relatively untried employees who have less than five years' experience make $45K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $57K. Economic Development Specialists bring in $70K after working for 10 to 20 years. For some reason, Economic Development Specialists with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $61K.

Economic Development Specialist Advice

What do you wish you knew about your job when you first started out?

Economic Development Specialist in Rome:
"Think Long Term."
Always surround yourself with good leaders.

Related Job Salaries

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Experience Affects Economic Development Specialist Salaries

Experienced
up arrow 45%

Late-Career
up arrow 26%

Mid-Career
up arrow 17%

National Average
$49,000

Entry-Level
up arrow 7%

Skills That Affect Economic Development Specialist Salaries

Business Development
up arrow 34%

Government Grants
up arrow 9%

National Average
$49,000

Project Management
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 20 votes.

Gender

Female
43 %
Male
57 %

Years of Experience

Less than 1 year
5%
1-4 years
53%
5-9 years
20%
10-19 years
14%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 79%
medical benefits
Vision: 59%
dental benefits
None: 6%
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